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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Condensed Consolidated Statements of Comprehensive Income        
Net sales $ 968.8 $ 910.2 $ 2,821.9 $ 2,783.8
Cost and expenses:        
Cost of goods sold 734.0 684.3 2,159.3 2,091.2
Selling and administrative expenses 105.8 101.1 321.2 314.6
Research and development expenses 8.8 8.1 27.4 24.4
Impairment of assets     100.0  
Other (income) expense, net (3.2) 6.1 (2.0) 6.5
Earnings before interest and income taxes 123.4 110.6 216.0 347.1
Interest expense, net 8.5 6.2 25.4 19.2
Earnings before income taxes from continuing operations 114.9 104.4 190.6 327.9
Income tax expense (Note 8) 38.3 34.7 50.5 108.7
Income from continuing operations 76.6 69.7 140.1 219.2
Discontinued operations (Note 5)        
Income (loss) from discontinued operations 0 (0.2) (0.2) 3.3
Income tax (benefit) expense     (0.1) 0.1
Income (loss) from discontinued operations   (0.2) (0.1) 3.2
Net income 76.6 69.5 140.0 222.4
Basic earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.20 $ 1.11 $ 2.19 $ 3.50
Income (loss) from discontinued operations (in dollars per share)   $ (0.01)   $ 0.05
Basic earnings per share (in dollars per share) $ 1.20 $ 1.10 $ 2.19 $ 3.55
Diluted earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.18 $ 1.08 $ 2.16 $ 3.43
Income (loss) from discontinued operations (in dollars per share)       $ 0.05
Diluted earnings per share (in dollars per share) $ 1.18 $ 1.08 $ 2.16 $ 3.48
Average shares outstanding - in thousands (Note 9)        
Basic (in shares) 63,567 62,708 63,429 62,347
Diluted (in shares) 64,890 63,946 64,714 63,520
Dividends declared and paid 14.1 12.6 39.7 35.1
Dividends declared and paid per share (in dollars per share) $ 0.22 $ 0.20 $ 0.62 $ 0.56
Comprehensive Income        
Net income 76.6 69.5 140.0 222.4
Other comprehensive income (Note 19)        
Change in foreign currency translation, net of tax 11.5 4.8 1.1 0.3
Change in accrued post-retirement benefit liability, net of tax 0.9 0.8 3.3 2.4
Loss on hedging activities, net of tax (0.1) (0.1) (0.3) (0.3)
Other comprehensive income 12.3 5.5 4.1 2.4
Comprehensive income $ 88.9 $ 75.0 $ 144.1 $ 224.8